Jun.19, 2012 | 6:12 AM–Stocks were down on Monday on the Tel Aviv Stock Exchange.
The elections in Greece may have been decided, and the euro bloc may remain whole for now, but Israeli investors were still not quite sure what it all meant, and yesterday’s trading on the TASE was quite volatile, changing direction almost every hour, though with not very high turnover.
The other big news from Europe affecting the TASE on Monday was the continued rise in yields on Spanish and Italian bonds, which offset the optimism from the Greek vote.
The blue chip TA-25 index lost 0.3% for the day, closing at 1,067 points. The broader TA-100 index also fell 0.3% to end the day at 984 points. The TA-Banks index lost 0.2%, but the Real Estate-15 index bucked the trend and rose 0.9%.
The Oil and Gas Exploration index also was in the green, up 1%. The Biomed index lost 0.8% and the BlueTech-50 index fell 0.6%. Despite the topsy-turvy day, the volatility index, the so-called TA-VIX, actually fell by 14.4%…Read More>>